5 Best Stocks to Buy for High Returns

2. Uber Technologies, Inc. (NYSE:UBER)

Latest Forward P/E Ratio: 49.75

Number of Q3 2023 Hedge Fund Investors: 146

Uber Technologies, Inc. (NYSE:UBER) is a ride sharing company with a software platform. The growth in the global shift online has impressed analysts about its prospects, as the shares are rated Strong Buy on average with an average share price target of $59.73.

As September 2023 ended, 146 hedge funds among the 910 researched by Insider Monkey were the firm’s shareholders. Uber Technologies, Inc. (NYSE:UBER)’s largest hedge fund investor is Brad Gerstner’s Altimeter Capital Management as it owned $613 million worth of shares.

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